90
90
Feb 21, 2013
02/13
by
CNBC
tv
eye 90
favorite 0
quote 0
the ceo of the u.s. tire maker, titan, making industrial tires and so forth, turning done a rescue of a good year plant closed in the country. maurice taylor saying he has no interest because french workers get paid too much and they only work three hours a day. they take an hour-lunch, take another break and talk talk three hours a day. >> when we work, we work better. it may be about to go into a tail spin. could be a major story in 2013. >> could become another sick man in europe, kayla. >> i don't understand, why, if he is worried about saving french jobs, french industry minister, why he didn't go to michelin. here, maurice taylor says i will drive michelin out of business. i want michelin if i'm going to the government. >> a clothing line called rain, heat and snow. so kayla, a jacket for you for chance? >> i'm thinking probably no. if this is an attempt tocate toert younger class to make the post office relevant again, ininstead of doing something like releasing a clothing line, invest in technolo
the ceo of the u.s. tire maker, titan, making industrial tires and so forth, turning done a rescue of a good year plant closed in the country. maurice taylor saying he has no interest because french workers get paid too much and they only work three hours a day. they take an hour-lunch, take another break and talk talk three hours a day. >> when we work, we work better. it may be about to go into a tail spin. could be a major story in 2013. >> could become another sick man in...
109
109
Feb 5, 2013
02/13
by
CNBC
tv
eye 109
favorite 0
quote 0
here is u.s. attorney general eric holder. >> during this period nearly every single mortgage backed cbo rated by s&p not only underperformed but failed. simply this alleged conduct is egregious and goes to the very heart of the recent financial crisis. >> important to note. this is a civil lawsuit not a criminal case, so it's much easier for the government to prove. this increasingly is the way the feds are going after the financial crisis. but officials still insist they will not shy away from criminal prosecution if they have the facts. s&p says regarding, the government doesn't have the facts here. in a statement the company says 2020 hindsight is no basis to take legal action against opinions of professionals. tyler. >> good reporting. >>> president obama about to make a statement on his budget proposals. we will have it for you when it happens. it will be from the white house, that podium, then we'll talk live with ranking democrat on the ways and means committee, the big taxing committee. s
here is u.s. attorney general eric holder. >> during this period nearly every single mortgage backed cbo rated by s&p not only underperformed but failed. simply this alleged conduct is egregious and goes to the very heart of the recent financial crisis. >> important to note. this is a civil lawsuit not a criminal case, so it's much easier for the government to prove. this increasingly is the way the feds are going after the financial crisis. but officials still insist they will...
150
150
Feb 6, 2013
02/13
by
CNBC
tv
eye 150
favorite 0
quote 0
it is what gates calls refining renaissance and u.s. refiners are able to produce gasoline more cheaply than elsewhere in the world. that's because the price of u.s. oil right now is just above $96 a barrel. compare that to crude prices from the north sea which is near $116 a barrel. that is $20 discount. the widest we have seen this year and it is makesing gasoline a lot cheaper than it is in other countries. east coast refineries, like new jersey refineries, are shutting down. in the middle part of the country, refineries like the largest one in the midwest from bp spending billions of dollars to expand the refinery so they are able to capitalize on the canadian and u.s. oil in that country. shut downs we are seeing and plan maintenance and repairs at refineries around the country caused a tightness of supply on the east and west coast. this is trackeling down to the biggest losers in all this. that of course is the consumer. higher prices at the pump are a result as traders here behind me are bidding up the price of gasoline futures.
it is what gates calls refining renaissance and u.s. refiners are able to produce gasoline more cheaply than elsewhere in the world. that's because the price of u.s. oil right now is just above $96 a barrel. compare that to crude prices from the north sea which is near $116 a barrel. that is $20 discount. the widest we have seen this year and it is makesing gasoline a lot cheaper than it is in other countries. east coast refineries, like new jersey refineries, are shutting down. in the middle...
97
97
Feb 19, 2013
02/13
by
CNBC
tv
eye 97
favorite 0
quote 0
i do not believe that our u.s. government is helping the likes of ge and 3m and everybody else steal from the chinese. it's not equivalent, asymmetric list. >> the detail, the name of one of the hackers in china. they called him ugly gorilla in that report. >> the other one was called super hard. >> i'm not going to get into that. anyway, you should read the report in it's full entirety. >> u.s. companies fighting back against president obama's new health care law. financial times reporting a few employers considering cutting hours of workers so they are not qualified as fulltime workers, rather than in insuring their staff. and other things, paying the penalty instead of paying to in sure. we could have seen this coming, couldn't we? >> there's gambling in casablanca, tyler. i can't believe it. look, remember when they started prescription drug plan for elderly seniors. before medicare didn't cover that. part d. do you know what a good chunk of the cost was? the government wrote checks to corporations so they woul
i do not believe that our u.s. government is helping the likes of ge and 3m and everybody else steal from the chinese. it's not equivalent, asymmetric list. >> the detail, the name of one of the hackers in china. they called him ugly gorilla in that report. >> the other one was called super hard. >> i'm not going to get into that. anyway, you should read the report in it's full entirety. >> u.s. companies fighting back against president obama's new health care law....
99
99
Feb 4, 2013
02/13
by
CNBC
tv
eye 99
favorite 0
quote 0
about one-week yield in the u.s. in germany. if you look at uk, guilt, you can see hovering around 208, it is lower. as the flight to safety seems to have gotten renewed as yields in spain and italy reflect economies. if you look at the etf for munis, also getting life as high tide and fixed income floating all boats. for an exchange quickly, the euro dollar or euro yen, we have come off. about friday this time, trading with 137 handle. 135 and last, tyler, it is all yours. >> rick, thank you very much. our power play is ceo and founder of williams capital group, christopher williams. also sits on the boards of wal-mart, caesars entertainment, dartmouth school of business. you're a busy man, chris. >> nice to see you again. >> let's talk about the fixed income, we were just talking off camera about how large companies that have access to capital markets are coming into the debt markets because in part rates are so low. do you expect there to be a continued crush into the debt markets on the theory that we better get in now befor
about one-week yield in the u.s. in germany. if you look at uk, guilt, you can see hovering around 208, it is lower. as the flight to safety seems to have gotten renewed as yields in spain and italy reflect economies. if you look at the etf for munis, also getting life as high tide and fixed income floating all boats. for an exchange quickly, the euro dollar or euro yen, we have come off. about friday this time, trading with 137 handle. 135 and last, tyler, it is all yours. >> rick, thank...
179
179
Feb 20, 2013
02/13
by
CNBC
tv
eye 179
favorite 0
quote 0
the u.s. market in the u.s. when we talk about either men i preparedness and moving things we do in the home outside the home. >> during sandy in washington square park jonathan had these set up charging people's phones. that's when i saw it. it was in the times. what does it cost to actually make this thing? >> jonathan cedars with us now. come on in. i see you brought your stove. you are now officially with your stove appropriately enough in what we call the hot seat. we will ask you a few questions here and you get to answer and respond to our families. jonathan, why don't you ask. >> i want to understand, what the connection between the cook stove and home stove? is there a cross subsidies? how does that impact the margin? >> we are not like tom's shoes. it is very different. the camp stove is an accessible market with long-term capital into the emerging markets where over the long run we see a very profitable business but we know it'll take us a longer time and more capital to get there.
the u.s. market in the u.s. when we talk about either men i preparedness and moving things we do in the home outside the home. >> during sandy in washington square park jonathan had these set up charging people's phones. that's when i saw it. it was in the times. what does it cost to actually make this thing? >> jonathan cedars with us now. come on in. i see you brought your stove. you are now officially with your stove appropriately enough in what we call the hot seat. we will ask...
116
116
Feb 13, 2013
02/13
by
CNBC
tv
eye 116
favorite 0
quote 0
biggest farm quick maker, farmers are gearing up to plant the biggest corn crop in u.s. history following the worst drought in the middle west in 56 years. but the stock of deere down at 91.12. simon? >> tyler, let's move over to housing. applications for mortages dropped. that's because interest rates are rising. rising for the fourth week in a row. despite one already hot part of the housing market just keeps gaining steam. an for reasons that you might not immediately guess, diana joins us for more on that in washington. diana? >> simon, as the housing market recovers, we should see more renters turn into buyers but that hasn't been the case and one major reason is women and a huge change in their relationships with men. what am i talking about? okay, listen, ten years ago, the number of men and women in college was about the same. today, there are 4 million more college educated women than men in college and in the work force and the disparity is just getting wider. >> now you've got this massive 4 million-person gap and what we find is, unfortunately, it is created
biggest farm quick maker, farmers are gearing up to plant the biggest corn crop in u.s. history following the worst drought in the middle west in 56 years. but the stock of deere down at 91.12. simon? >> tyler, let's move over to housing. applications for mortages dropped. that's because interest rates are rising. rising for the fourth week in a row. despite one already hot part of the housing market just keeps gaining steam. an for reasons that you might not immediately guess, diana...
97
97
Feb 1, 2013
02/13
by
CNBC
tv
eye 97
favorite 0
quote 0
we haven't seen significant gains in the u.s. oil price because we have pipeline concerns that pipeline taking crews from oklahoma to texas coast. that probably won't be a full capacity until the fourth quarter. that is something that leaves still that glut of oil in the middle part of the country that is something that kept a lid on the rise in the u.s. oil price. in terms of precious metals, it has been a strong day for precious metals after the jobs data and that unploemt rate is what traders are watching. one reason they think precious metals. >> so what has happened to the individual investor over that time? jane wells is in los angeles. jane? >> hi, tyler. you think of americans as being resilient and optimistic. we found more than a few who said they survived the last few years by thinking of warren buffett. the view from main street when we come back. [ male announcer ] with citibank it's easy for jay to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier ban
we haven't seen significant gains in the u.s. oil price because we have pipeline concerns that pipeline taking crews from oklahoma to texas coast. that probably won't be a full capacity until the fourth quarter. that is something that leaves still that glut of oil in the middle part of the country that is something that kept a lid on the rise in the u.s. oil price. in terms of precious metals, it has been a strong day for precious metals after the jobs data and that unploemt rate is what...
140
140
Feb 27, 2013
02/13
by
CNBC
tv
eye 140
favorite 0
quote 0
becoming the third state in the u.s. to make that move. >>> before the break, big down movers on this wednesday afternoon with the dow jones industrial average up 132 points. look at the cap, up. [ man ] i've been out there most of my life. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!! ♪ >>> 150,000 people packed into st. peters square at the vatican today for pope benedict xvi's final audience. the pontiff talked about his decision to advocate. >> the vatican is rolling the dice on a new pope so to speak. look at moves on boyd, caesar's, las vegas sands and mgm resorts. all significant movers today. new jersey becoming the third state now to legalize on-line gambling behind nevada and delaware. garden state's governor, chris christie. i'm the only man who can block chris christie, frankly. he assigned a bill on tuesday that will include his
becoming the third state in the u.s. to make that move. >>> before the break, big down movers on this wednesday afternoon with the dow jones industrial average up 132 points. look at the cap, up. [ man ] i've been out there most of my life. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!! ♪ >>>...
95
95
Feb 12, 2013
02/13
by
CNBC
tv
eye 95
favorite 0
quote 0
next um, u.s. portion of that going through. vast majority are going to succeed and go through without any problems. >> dan, thank you for joining us. >> thank you. >> chinese new year. the year of the snake. thank you so much. >>> ahead on the show, mcgraw hill reports earnings and big hince to its department of justice lawsuit. the big one against standard & poor's. >> lehmans in the united states, barclays. >> the investment bank will stay. the company as a whole will be 3700 people fewer. we'll tell you what businesses the bank is exiting and what that means for u.s. banks as well. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [
next um, u.s. portion of that going through. vast majority are going to succeed and go through without any problems. >> dan, thank you for joining us. >> thank you. >> chinese new year. the year of the snake. thank you so much. >>> ahead on the show, mcgraw hill reports earnings and big hince to its department of justice lawsuit. the big one against standard & poor's. >> lehmans in the united states, barclays. >> the investment bank will stay. the...
104
104
Feb 25, 2013
02/13
by
CNBC
tv
eye 104
favorite 0
quote 0
it sort of trickled over into the u.s. markets. as we countdown to march 1st deadline day for massive spending cuts out of washington. the dow was less than a hundred point from an all-time high but these two issues have now set the bulls back in the u.s. in the past two hours. the industrials now down about 12 point. josh h john harwood is in washington for us. we start with michelle caruso-cabrera in rome. >> tyler, the italian election is not turning out as market participants had hoped. they expected at this point we would have conclusive results out of the i tal yn election. we do not have conclusive results at this point and it is possible that italians may have to vote again for a new prime minister if we don't get an answer in this round. here's what the markets thought would happen. they thought a guy named louigi berosoni, who most americans haven't heard of, would win. and that silvio burr burr le /*y scony would come in 1ekd. he may not have any seats in the government. the mario monti part is crucial because he was sup
it sort of trickled over into the u.s. markets. as we countdown to march 1st deadline day for massive spending cuts out of washington. the dow was less than a hundred point from an all-time high but these two issues have now set the bulls back in the u.s. in the past two hours. the industrials now down about 12 point. josh h john harwood is in washington for us. we start with michelle caruso-cabrera in rome. >> tyler, the italian election is not turning out as market participants had...
111
111
Feb 28, 2013
02/13
by
CNBC
tv
eye 111
favorite 0
quote 0
we think oil would be under pressure given how we have a fairly slow economy here in the u.s. as indicated by gdp. and of course continuing disaster happening in europe. emerging markets are bouncing back. but not consuming as much commodities and energy as they have been. we have reduced our position in gold. we think gold is under pressure because hedge funds are raising so much money right now trying to take care of redemptions and in terms of what are we buying, consumer staple stocks. companies like nesle, telecommunication stocks to participate in. continuing wireless infrastructure build-out. companies like vodafone. >> and you like campbell's soup among others. is that because you are playing it or you think campbell's like heinz might be a juicy takeover tarlg snet. >> let's think about what our strategy is. they will say buy this sector, buy that sector. we are dealing with real people's money. so we make sure we have our assets in different places. campbell's is an opportunity for us to get staples and yes, we think it is a potential take over target like heinz. slo
we think oil would be under pressure given how we have a fairly slow economy here in the u.s. as indicated by gdp. and of course continuing disaster happening in europe. emerging markets are bouncing back. but not consuming as much commodities and energy as they have been. we have reduced our position in gold. we think gold is under pressure because hedge funds are raising so much money right now trying to take care of redemptions and in terms of what are we buying, consumer staple stocks....
97
97
Feb 14, 2013
02/13
by
CNBC
tv
eye 97
favorite 0
quote 0
just that this is the last big mega merger, the u.s. air/american deal is the last big merger out there. now that we have them all in line, what is there to look forward to and consolidation isn't one of them. the xal is one of the worst days in a long time. remember that is at five-year highs. i want to note something interesting here. maybe kenny can comment on this. we are going to see some of the ice traders. some of the new york board of trade come down here, kenny. those people, there is 30 to 40 of them, remember buying the trade a year ago. specializing in cocoa, coffee and cotton. they will be here, trading here on the floor of the new york stock exchange. these are people doing electronic trading. but over in the blue room, a room right next to us. and so at the nyse, we are trading futures. trading commodities. stocks, as well. and this deal is not contingent on the ice deal with the new york stock exchange. this is a separate -- >> they are coming one way or the other. >> yeah. >> weigh in on that. >> i think it is insane. i
just that this is the last big mega merger, the u.s. air/american deal is the last big merger out there. now that we have them all in line, what is there to look forward to and consolidation isn't one of them. the xal is one of the worst days in a long time. remember that is at five-year highs. i want to note something interesting here. maybe kenny can comment on this. we are going to see some of the ice traders. some of the new york board of trade come down here, kenny. those people, there is...
64
64
Feb 22, 2013
02/13
by
CNBC
tv
eye 64
favorite 0
quote 0
how big a risk is it for the u.s. in 2013? there are some drug resistant strains making their way around the world in this very infectious disease. it is happening now. make sure you are safe. that's all in the next 59 minutes. simon hobbs is my partner today. he is in for sue. >> let's focus on the economic signs today. the drop took us from record highs, let's not forget. was it the correction that so many people have warned us about? right now, you can see, we are just about to retake on this bounce, it would appear, dow down. s&p, 1513. also higher on oil but we've lost a lot this week. gold, as you can see, 1572. still way below the $1600 level. that market bouncing back clearly, sign number one, for investors heading into the weekend. sign number two comes from europe. european commission very negative on the country's economic prospects for the year. they say you will barely grow for the whole of the 27 nation eu. they will contract again in 2013. sign number three provided by the federal reserve bank of st. louis, jame
how big a risk is it for the u.s. in 2013? there are some drug resistant strains making their way around the world in this very infectious disease. it is happening now. make sure you are safe. that's all in the next 59 minutes. simon hobbs is my partner today. he is in for sue. >> let's focus on the economic signs today. the drop took us from record highs, let's not forget. was it the correction that so many people have warned us about? right now, you can see, we are just about to retake...
126
126
Feb 26, 2013
02/13
by
CNBC
tv
eye 126
favorite 0
quote 0
the u.s. may be producing more oil today than ever before. u.s. oil imports from the middle east continue to rise in 2012. this according to a financial times report out this morning. through the end of november, the u.s. imported more than 450 million barrels of crude from saudi arabia for the year. that accounted for more than 15% of total u.s. oil imports for the first time in a decade. the persian gulf as a whole made up more than 25% of total imports. that was a nine-year high. now, these annual figures will be released by the energy department later this week. that report in the ft today. take a look how crude is trading, down $0.67 at 92.44. forget all the recent hoopla about a comeback for u.s. automakers, forget some of it at least. less than an hour ago consumer reports released its annual list of where it ranks top models and brands. lo and behold this year there are no american cars in the top ten on quality rankings. phil lebeau in chicago with the sobering news for the big three. phil. >> this is a case where reliability is slipping
the u.s. may be producing more oil today than ever before. u.s. oil imports from the middle east continue to rise in 2012. this according to a financial times report out this morning. through the end of november, the u.s. imported more than 450 million barrels of crude from saudi arabia for the year. that accounted for more than 15% of total u.s. oil imports for the first time in a decade. the persian gulf as a whole made up more than 25% of total imports. that was a nine-year high. now, these...
114
114
Feb 7, 2013
02/13
by
CNBC
tv
eye 114
favorite 0
quote 0
the u.s. postal service®, no business too small. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ but that doesn't mean ive don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> down 94. were in triple digits earlier. it is february. what does this expect? it is snow and two storms are heading towards the northeast. they may merge and become a doozy beginning fr
the u.s. postal service®, no business too small. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ but that doesn't mean ive don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep...
97
97
Feb 8, 2013
02/13
by
CNBC
tv
eye 97
favorite 0
quote 0
yes, we have seen a downturn in u.s. oil price because we have a supply boom at least for oil but crude is what a lot of the fuels are based on and that continues to rise higher as well. i have more information on why you pay such high prices now on cnbc.com. take a look. >> sharon, thank you very much. let's get the latest headlines on the storm from jackie deangeles. she has ventured outside of cnbc's headquarters. a brave person is she. there she is. just feet away. but outdoors. jackie? >> good afternoon, tyler. let me get you updated on the latest. first off connecticut governor has declared a state of emergency. he is urging people it stay off the roads and stay home in preparation for winter storm nemo. at this point, forecasts are calling for 12 to 24 inches on part of the northeast. new york city looking from 6 to 12 inches and of course during blizzard warning as well. also out of new york city. amtrak suspended northbound trains out of new york penn station and the flight cancellations continue as well. the la
yes, we have seen a downturn in u.s. oil price because we have a supply boom at least for oil but crude is what a lot of the fuels are based on and that continues to rise higher as well. i have more information on why you pay such high prices now on cnbc.com. take a look. >> sharon, thank you very much. let's get the latest headlines on the storm from jackie deangeles. she has ventured outside of cnbc's headquarters. a brave person is she. there she is. just feet away. but outdoors....